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Nifty Bank Nifty Weekly Analysis 10-14 Aug

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Updated On:

Last week below 11000 Gann Support level; bears did the low of 10882 levels completed the 2nd target.

Later in the week Index went above 11170 Nifty Gann Resistance level & does the 1st target on buying side too. The market ended week with 141 points gain.

In the coming week, 10 & 14 August are the Important Gann dates.

Nifty Weekly Trading Levels

Next week 11310 will act as Resistance; above that, 11360/11440/11560 levels can come.

The 11150 will act as Support; below that, 11000/10920/10900 levels can be seen.

Bank Nifty Weekly Trading Analysis

Last week below 21300 Gann Support; bears did the low of 21031 levels, completed almost the 2nd target.

Later in the week Index went above 21900 Bank Nifty Gann Support level; but didn’t hit any of the target. The market ended week with 114 points gain.

In the previous week, we also discussed; that Bank Index is trading near multiple ‘Time Cycle’ confluence zone. And reversal in trend can come soon.

The Time Cycle analysis worked perfectly; from lower levels Bank Nifty moved 900 points on the upside.

I shared the detailed analysis and significant Price levels with Free ‘Price Time Trading Group’ members on last week Sunday night.

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Bank Nifty Weekly Trading Levels

In the coming week, 10 & 14 August are the Important Gann dates.

Next week 22000 will act as Resistance; above that, 22100/22280/22600 levels can come.

The 21500 will act as Support; below that, 21400/21220/20900 levels can be seen.

Note: Above mention Price projection & other Information is for educational purpose only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.